Morning Show : Brexit vote and Central Banks in focus

Tim Harrison, Head of Wealth Management at Linear Investments talks to Matt Brown, presenter at Core Finance about the major market moving events.

With the Fed raising rates overnight, focus falls on the dot-plot for 2018 and 2019.  With little changes, the USD has retreated. Harrison notes the strong performance of US-led global markets.  Focusing on how the continuing bull run can continue, spurred by reinvesting from long term shareholders and the boost from US tax reforms. Stocks in focus include:

Sportdirect : With Mike Ashley focusing on the sale of Newcastle, has this impacted the performance of Sportsdirect. In an update to the market, the shares have sold off as numbers disappoint. With an increase in debt and FX headwinds.

Lonmin : With a proposed takeover being supported by the board the turbulent years for Lonmin shareholders maybe over as Lonmin agrees to £285m takeover by Sibanye-Stillwater

Steinhoff: the South African based company and owner of UK based Poundland has to reinstate recent financial reports can the company survive? With Investec stating it may have a 3% negative impact on it's profits.

Bovis Homes : with a downgrade to underweight from JP Morgan, do directors dealers indicate a buying opportunity?

Looking ahead to US retail sales data and Bank of England and ECB rate announcements.  These will be the key focus drivers for the trading day.

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